Nationwide Presence Global
Expansion
Self-built and Operation Management Approach Drives Market Shares
(Hong Kong,March, 31 2023) ? China Risun Group Limited (“China Risun”,
or the “Group”, stock code: 1907), a leading global integrated coke, coking
chemicals and refined chemicals producer and supplier and relevant operation
management services provider in China, announced today its annual results for
the year ended 31 December 2022 (“the reporting year”). The Group continued its
expansion in the annual capacity of all the products and its further refining ability
to high-end chemicals products. It has also strategically focused on increasing
its market share through nationwide distribution and global expansion
initiatives.
Revenue for the year ended December 31, 2022 was up 9.6% to approximately
RMB43.1 billion. Profit attributable to owners of the Company was approximately
RMB1.9 billion. Basic earnings per share of the Company was RMB42 cents. To
share the fruit of its outstanding results performance, the Board determined to
declare a final dividend of RMB0.9 cents per share (equivalent to HK1.0 cents
per share).
Scale of coke business keeps swelling, Further consolidated industry
leadership
During the reporting year, the Group expanded its coke production/processing
capacity through various means, such as mergers and acquisitions of existing
coke enterprises, setting up joint ventures with other coke/steel enterprises,
and managing operations of existing coke enterprises. As a result, its core
business continued to grow, further consolidating its industry leadership. The Group's
coke production/processing volume reached 10.6 million tonnes in 2022. As of
December 31, 2022, the group had eight production bases around the world and
was also in the process of developing its ninth production base in Pingxiang,
Jiangxi Province, China.
In addition to the expansion plans within China, the Group is also
exploring opportunities overseas. The Group has been developing new production
bases through two joint ventures and one associate in Sulawesi Province,
Indonesia. The gross annual coke production capacity of these three companies
in Indonesia will be 13.4 million tonnes, with the equity capacity in
production of coke attributable to the group at 4.36 million tonnes per annum.
Chemical output and production capacity increased steadily, Industrial
chain extending into new energy and new material realms
Refined chemicals are China Risun's second major business segment, with
four main production lines including aromatics, alcohol ammonia, carbon
materials, and specialty chemicals. As of the end of 2022, the annual
production/processing volume of refined chemicals had reached 3.64 million tonnes,
with a management scale (self-built, JV and operation management) of 5.11 million
tonnes. Both segments continued to expand. The Group is currently expanding its
production capacity of caprolactam in Hebei and Shandong provinces. And expects
to have a total production capacity of approximately 0.75 million tonnes of
caprolactam per annum when the expansion is completed.
During the year, two new industry’s leading position was achieved by the
Group as per independent global consulting firm:
Caprolactam (CPL) World’s second
largest producer
High purified hydrogen Beijing-Tianjin-Hebei’s
largest producer
Dual-pronged ? self-built and operation
management ? approach drives business volume of
asset-light operation
In addition to self-built projects, the Group's light asset business has
continued to grow throughout the year. Currently, the group has seven operating
and managed projects and has entered into four new operation management
agreements for three projects in Shandong Province and one project in Shanxi
Province, China, in order to further expand its presence in the coke and coking
chemicals, coal tar, and hydrogenated benzene sectors.
Hydrogen production capacity improved substantially, top in
Beijing-Tianjin-Hebei region
After three years of innovative research and development and strategic
planning, the Group's hydrogen production capacity has continued to increase.
In 2022, China Risun became the largest hydrogen gas supplier in the
Beijing-Tianjin-Hebei region. With a focus on the rapid development of the
hydrogen energy industry in this area, the Group is committed to developing the
production, storage, transportation, hydrogenation, and usage of hydrogen, as
well as providing intelligent hydrogen supply services throughout the country
with advanced technology and customer-oriented services.
The Group plans to expand its transportation fleet by using more
hydrogen refueling vehicles, enhance the refueling capacity of existing
hydrogen refueling stations, and promote the development and construction of
the main hydrogen refueling station near Beijing to radiate the storage and
supply to the Beijing-Tianjin-Hebei region. It will also explore new
technologies such as liquid hydrogen, green hydrogen, and hydrogen fuel cells,
and develop new application scenarios such as co-generation of heat and power,
hydrogen energy transportation lines, and more to enrich the scope of hydrogen
application.
Looking ahead, the Group will continue its growth and expansion by using
different methods of operation management, mergers and acquisitions, and joint
ventures with well-known enterprises to increase its market share in the
production/processing of coke, refined chemicals, new materials, and new energy
products. In the long run, the Group will maintain its leading position in the
coke and refined chemicals industry and create significant value for its
shareholders.
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